Rudrapur Among World's Best Property Investment Opportunities

April 8, 2008 - PRLog -- India's Rudrapur is one of the best investment opportunities on the global market. It presents such a massively good opportunity because of the level of new businesses and factories coming into the area.

Some 465 new factories will be built, which will create a massive industrial estate on the outskirts of Rudrapur by Dec 2008. The new factories are being built in the area because the government appointed the 4200 acre site a Special Economic Zone.
First seen in China the SEZ program offers companies major incentives for moving or opening their operations in the SEZ. The main incentive being complete exemption from income tax for the first five years, and a discount of 30% on their income tax for the next five years.

India Inc turned the small town into a boom town, when they became the first company to set up shop in the new SEZ investing $2billion in a new factory. 465 other companies have been allocated plots since then, 388 factories are being built and 77 have been completed and are already manufacturing goods and boosting the economy. By the time all factories are complete 50000 people will be employed on the site, and a further 250,000 will be indirectly employed by the new factories (area managers, sales reps, sellers, retail outlets taking on new staff etc).  

Some of the 50,000 employed directly -- actually in the factories -- will be from Rudrapur, but most of the 300,000 will come from outside the area and will be looking for high quality rental accommodation in Rudrapur. So far only 10,000 new units are being built or are scheduled to be built Rudrapur, so the influx of people will create a supply shortage, and a high level of demand for quality rented accommodation.

David Stanley Redfern ltd customers can buy just what these new workers will be looking for:  The Mountain View Development Rudrapur, is just a five minute drive from the industrial estate, and is close to rail links for commuters to the new factories. Mountain View consists of 2 en-suite bedroom apartments with balconies, for only £29000 each. A 5% rental yield is being guaranteed by the developer for the first two years but if you have time to manage the rental yourself the guarantee should be avoided as there is the potential to make a lot more.

Find out more about property investment in India at: http://www.davidstanleyredfern.com/investment-property/in...

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About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed.

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Website: www.davidstanleyredfern.com